Products are intended to meet consumer needs in the bear market, with the 21Shares Bitcoin Core ETP launched as the first offering in the Crypto Winter Suite
ZURICH, June 29, 2022 /PRNewswire/ -- 21Shares AG ("21Shares"), the world's largest issuer of cryptocurrency exchange traded products (ETPs), today announced its Crypto Winter Suite – a set of products designed to help investors weather the bear market. The first product introduced in the suite is the 21Shares Bitcoin Core ETP (CBTC), which launched today on SIX Swiss Exchange.
The 21Shares Bitcoin Core ETP is designed to offer low-cost exposure to Bitcoin, as the lowest cost Bitcoin ETP on the European market. CBTC has a total expense ratio of 21 basis points (0.21%) – selected to reflect the 21 million cap on Bitcoin – which is 44 basis points (0.44%) below the next lowest product on the market. The product will lend a portion of the underlying crypto on a fully collateralized basis to offset operating cost. Lending on CBTC...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...